Mastercard Names New Corporate Controller

Mastercard announced its new executive vice president, corporate controller and principal accounting officer Friday (March 24).

Sandra (Sandy) Arkell will join the post May 5 of this year, the credit card company said, as its current controller, Andrea Forster, readies to take on a new position within the company.

Forster has been with Mastercard since 2011 as corporate controller and principal accounting officer, reports said. She led the firm’s launch of its Global Business Services Center and will now take on a new role to expand Mastercard’s shared service center capabilities, the company said.

“Andrea has transformed and enhanced our financial operations,” said Mastercard Chief Financial Officer Martina Hund-Mejean in a statement. “She strengthened our controller organization with an enhanced focus on risk and controls. We look forward to her continued contribution to the business, as she brings a unique skillset and vision that will help further develop our shared service capabilities.”

Arkell will come onto the Mastercard team next month after serving two years as vice president, controller for the Dover Corporation, where she led global finance and accounting for the manufacturer.

“Sandy’s broad range of experience in several finance functions and industries will allow her to contribute to the company in ways beyond just financial matters,” Hund-Mejean continued. “We look forward to her perspective on key issues, helping to enhance a strong foundation and a solid team.”

Earlier this month Mastercard revealed plans to strengthen its focus on the Asia-Pacific region, creating a new role, executive vice president, Digital and Emerging Partnership, to lead the expansion in the region. At the same time the company named Rama Sridhar to that role, who will focus on establishing strategic engagements with emerging payment players in the Asia-Pacific region.